Our preference: short positions below 1.1930 with targets at 1.1855 & 1.1820 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.1980 & 1.2025 as targets.
Comment: the RSI shows downside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
GBP/USD Intraday: rebound.
Pivot: 1.2915
Our preference: long positions above 1.2915 with targets at 1.2995 & 1.3020 in extension.
Alternative scenario: below 1.2915 look for further downside with 1.2900 & 1.2880 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/CHF Intraday: continuation of the rebound.
Pivot: 0.9545
Our preference: long positions above 0.9545 with targets at 0.9620 & 0.9650 in extension.
Alternative scenario: below 0.9545 look for further downside with 0.9520 & 0.9475 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
USD/JPY Intraday: the downside prevails.
Pivot: 109.80
Our preference: short positions below 109.80 with targets at 109.00 & 108.65 in extension.
Alternative scenario: above 109.80 look for further upside with 110.25 & 110.65 as targets.
Comment: the RSI is mixed to bearish.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
